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tv   Markets Now  FOX Business  October 29, 2013 1:00pm-3:01pm EDT

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investments designed for a smoother ride. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus, which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. dennis: peter: lori: starting the u.s. economy, hyperinflation is the answer, gerald driscoll's on the number one risk to the economy at the fomc kicks off its meeting. neil: below street is the source of strength for stumbling economy. housing, barbara corcoran joins us as august home prices at their strongest annual gain in seven years. lori: the not so jolly holiday shopping out look from analyst
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rick beamer as retail sales dropped for the first time in six months. adam: a risky bet for lloyd blankfein. an exclusive on what's the bank chief is quietly doing behind-the-scenes. adam: we are in rallying. lori: this head to the floor of the stock exchange to see what is cooking with nicole petallides. we have the s&p 500 hitting another record right now. >> if you are a bull out there, hoping for better and better return, the dow jones industrials up 93 points, covering 50 points away from all time highs, the nasdaq has turned back into the green and the s&p 500 another record day on wall street. traders as high as 1770 looking
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away from that. and it looks good. pfizer third quarter profit cutting costs doing well, approved cancer medicines most improved as well. >> and the did they did recover at 12:00 eastern time. nasdaq officials telling fox business it continues to investigate the issue and we should note, no equity exchange operations have been impacted. >> comprises soared in the 20 largest cities in august posting strongest annual gains in seven years. should we be worried about
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real-estate being a good investment. we want to ask the founder of the corcoran group, welcome back to the show. >> keep watching friday night. of big push. adam: people talk about housing as an investment. i thought you were supposed to treat housing to live somewhere. as an investment thes and downs can get you. a lot of people think there atop because we saw prices surged 12%. >> must be the most complicated question i ever heard. there were three questions. to your point you should choose a place where you can live your life come home at night where the kids go to the right school. that is the main thing. and and have a phenomenal -- and prices going down you won't do so well as investments. dennis: are we at the top?
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conflicting reports, i h s global, another one, m r s is saying, quote, we do not believe these gains will be sustained as the threat supply increases speculatively and cools off and mortgage rates rise. lori: everyone is guessing. might guess is right now we haven't seen anything yet. prices go faster and higher than anybody expects to happen because we are still making up the lost time. people need a place to live. mortgage moneys cheap and everybody is shopping the market. the only thing holding back prices to where they should be going is shortage of inventory. adam: what we see more distressed properties come back to the market because people were holding back or already cleared out. lori: the levels of stopped and are only needed for right now. that is behind us.
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that is old news. we have a whole school of investors who want more and can't get their hands on it. adam: we had a guest talking about 30 year fixed mortgage was in the 4.5% and is that close to 4-1/4. will we go up? if it goes up one of these complicated questions, would that put a crimp in sales? >> i have lived in the real-estate market 30 years and i-man invested, interest rates were to papa substantial 1% which i don't think anyone is predicting it would kick everybody who is on the fence into the market, the remaining few because interest rates are a deadline in the residential market. not when they go to 18% and we have sales and when they jumped up quickly that would make prices go through the roof. adam: act now before they go higher. >> people go of-. and real-estate people love to wait in line to put the bid in.
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the longer the line, the higher the prices go. adam: it is all local. >> look at the top 100 markets or the second 1 hundred markets. prices have recovered 50% in every market you could look at. that is another 50%. adam: las vegas leads year-over-year up dramatically. 29.2%. is >> followed by san francisco. adam: san francisco is the price in the country. >> san francisco, las vegas have not reached the point they were before the bubble bursts of if you are an investor in that market or the home buyer, the thought is how far can it go? you are not dying at the top. so much more room to go. i sound like a real estate broker but i put my money where my mouth is and invest and most markets in the u.s. have just begun. adam: you don't sound like a real estate broker, you sound like an expert. the easy people would say
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contrary to what they would say thank you for joining us. >> doesn't see a saw anything? adam: she gets the next one. lori: you look awesome working that, let me tell you. >> the only thing that is not. >> wiser as you get older. lori: the federal reserve, this is where i get to talk. talk about inflation, as spicy as your conversation is so let's get to. federal reserve policymakers growing concern among some economists that inflation may not be rising fast enough in the u.s. in terms of corporate profits which are being paid to save money in the bank. next guest says rising inflation is dangerous proposition, the former vice president of the federal reserve bank of dallas and senior fellow at the cato institute. welcome. great to have you.
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we learned wholesale inflation cash in the at the lowest annual rate in four years in september. i you comfortable with where we are at the consumer level? which is also quite team. >> i am quite comfortable with it because i don't buy the view that low inflation is dangerous. i am concerned about people calling on the fed to have high inflation. lori: let's clarify what we are talking about because there is the fear when we talk about letting inflation, prices rise back to 1979, when inflation, inflation is running below 2% so isn't there something to the argument of there is some elbow room here, we can let inflation come a little bit, companies will learn more, people will earn more if they are saving money in the bank, there is wiggle room here and you then x out the threat of deflation which is incredibly damaging for a nascent economy like ours.
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>> the idea you can control a higher inflation rate, 6% is the number of harvard is using, there is no evidence of central bank can engineer a 6% inflation rate and keep it under control and at 6% you start to get a lot of distortions in the economy. in the 1970s nixon imposed wage and price controls when we hit 4%. nobody looks at all the down sides when they advocate something like this. explain specifically how it is a why it is the federal reserve wouldn't maintain price control if we take an inflation level double or triple what it is now? >> they won't because hyperinflation only as positive effect if it is anticipated, and expected and once people savor investors and workers catch up that prices are on the rise the only way you can get these beneficial stimuluses effects is to go to a higher inflation rate
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so alan greenspan is right. 2 for 6 you get double-digit inflation. work lori: we have had five years of the sluggish economy since the financial crisis. what is the solution? job creation has been subpar as well. the fed, note paper, commencement, these rates will stay low for another year at least. what do you do? >> the things that ail the u.s. economy are something money growth can cure and how long the have interest rates to figure out this isn't going to work? the things that are ailing the u.s. economy are what economists call real factors, uncertainties, anti business climate, regulatory explosion, and this retards investment. all this expansion investment is going overseas. cheryl: aren't you risking stoking inflation by keeping monetary policy this lose for
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this long? >> that is one of the risks and i feel there's a lot of complacency and people will say when inflation does pick up, let it happen and it is very hard to get it back under control once it starts rising. cheryl: i love this discussion, the topic. we will have you back very soon, thank you very much. adam: diaz and beginning a wardrobe change, nice euro next, the change goes into effect after the close of business friday. it comes ahead of the expected closing of intercontinental the exchanges, shares are rising on the news adding to their gain of 50% so far this year. lori: the stock is soaring as the retail consider separating land's head auto center businesses. the idea is floated as part of the turnaround plan especially since it reported another quarter of declining same-store
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sales. sears says the move will help focus on its core business as the company faces increasing competition from target, walmart and amazon. adam: the popular messaging system on android and iphone devices, saw a record download. ours, ten million download in twenty million new users this week. shares of blackberry are up 1% on that news. lori: twitter hating the move. the media giant pigeons stocks for institutional shareholders picking of the 8 city road show. adam: millions of americans won't keep their health insurance after all despite the assurances from the president. >> if you like your current insurance, you will keep your current insurance. if you like your current insurance, you will keep your current insurance. ♪
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now that we're retired, we don't have time for stuff like laundry. we're too busy having fun. we get everything perfectly clean by tossing one of these in the wash. and that's it. i wanted to do that. oh, come on. eh, that's my favorite part.
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lori: the head of the agency
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responsible for the glitch obamacare website taking tough questions on capitol hill. business reports say members of the obama administration knew some americans could not keep their current health care plan as president obama promised repeatedly. rich edson live from capitol hill with the latest. >> the primary question was how many folks have successfully gotten to the application process on healthcare.gov and then rolled in health insurance. they consulted with health and human services, a white house and they decided they are not going to release any of those figures until mid november. there was also the question in the president's statement from when the health care goes to legislative process saying if you like your health insurance plan you could keep your plan. there were questions today whether or not the administration has kept the promise. >> i am aware there are issuers
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in state who are canceling their own plans at grandfathered in and going with new plans. >> concerned about keeping your health care plan isn't true? >> they could keep it. >> they can't keep it. they just got cancellation notices. the president says you can't keep it. why you saying you can? i don't understand. >> time has expired. >> second top democrat and house commerce any lawyer, majority or minority whip in the house, perhaps the law should have been more precise in the drafting to allow people to keep their plans as reports come out. that is not exactly the case people concede their plan because they don't meet the minimum benefit required, better established in the health-care law. we are not done with health-insurance hearings on capitol hill. tomorrow different committee and they will hear from the h h s secretary kathleen sibelius tomorrow morning. lori: that could be more painful
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than the testimony. rich edson. adam: nicole petallides is on the floor of the stock exchange with the look of the nicknames "after the bell". lori: yes. nicole: linkedin right now on the move just slightly to the downside down $0.19, $42 stock, it has run up 111%, it is a great performer. everybody, all the insiders will be looking at everything from mobile numbers to advertising revenue growth, they beat estimates in each of the past four quarters. the option groups have been betting on some volatility, and 9% volatility swing, you don't know which way. mobile has been jumping up 33%. let's look and make sure to watch it,:00 show, we bring it to u.s. and as we get it and the other names including electronic
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parts as well. lori: big-name reporting "after the bell," fox catching the eye of president moneymaker charles payne. how will the stock due a head of the earnings? charles: it is by. it can be extraordinarily volatile, they have beaten the street two times, last time by 75%, quarters in a row they missed, these new hot businesses the street has a tough time getting a handle on demand expectations are very high. what i did like last time they reported using the trend in mobile which was 30% versus desktop which is gaining and calls generated went to $16 million from $14 million, generated $22.7 million from $18.9 million quarter over quarter. really feels business momentum is picking up and the last week only these momentum names have given up a lot of ground. look at the ones we know like the teslas of the world and i don't think it is anything more
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than profittaking a looking for a spark from earnings. adam: there was an article about digital advertising that it will change as more traditional cookies give way to mobile and google make money, what about yelp? the whole platform is mobile. charles: actually they get a lot of stuff from desktop but carmaking the transition to mobile land they will get paid if they generate business. that is the bottom line but they get people to call up a restaurant and go and try something different and it is amazing to me how many people we all know that use yelp almost on a daily basis, certainly a weekly basis and don't know the company is public the company will continue in extraordinary growth. three weeks ago, andy's list, it hurt everyone in the whole sphere but i think -- these guys are outperforming. we will see. lori: is worth it.
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earnings release "after the bell," catch the month fox business, thank you. adam: is beginning to look a lot like christmas and that doesn't mean americans are ready to buy. america's research group founder on why he says the retail situation is pitiful and the holiday sales will disappoint. lori: still the best-selling car in america but doesn't mean it is the most reliable. the pricing downgrade for toyota's camry.
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as over 60,000 trees. that's a trend we can all get behind. she loves to shop online with her debit card. and so does bill, an identity thief who stole mary's identity, took over her bank accounts and stole her hard earned money. unfortunately, millions of americans just like you learn all it may take is a little misplaced information to wreak havoc on your life. this is identity theft, and no one helps stop it better than lifelock. if mary had lifelock's bank account alerts, she could have been notified in time to help stop it. lifelock has the most comprehensive identity theft protection available, guarding your social security number, your money, your credit, even the equity in your home. you even get a $1 million service guarantee. that's security no one can beat. don't wait until you become the next victim! call the number on your screen and use promo code notme for 60 days of lifelock identity theft protection
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and get a document shredder free. call the number on your screen or go to lifelock.com/notme. adam: sales are lower last month and the government was not even shutdown yet. consumer confidence shrinking can retailers hope for the holiday season? the chairman and ceo is here with his take. i want to get into something you said which is contrary to the talking points from the actual industry which is holiday sales will be ok, ecommerce will be greatly you say otherwise. the word was pitiful. what will happen this, they? >> keep in mind the national retail federation historically has been optimism every christmas season but the reality is there are three factors out there, 40% of parents with
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children in middle school and above haven't got the money for their kids's calling the education and trying to save as much as they can. you go another third making less money because someone in the household makes less money or a full-time job to a part-time job and in the last group peer have 44% of parents who could not afford to buy all their kids's apparel for back-to-school and waiting for christmas time and waiting for christmas day to get apparel prices. adam: we see fit and starts when it comes to retail, and take out autos, we accounting for automobiles. and clear up 0.4%. is the consumer ready to spend
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or is the consumer holding on to cash when they see an opportunity using it and pulling back when they don't see opportunity? >> 74% of consumers tell us there are more sale price striven today than they were four years ago. the holiday weekend events like labor day, memorial day, black friday have huge surges of traffic but there's a bigger issue. when you look at the fact that 74% of consumers said when the year started they were going to avoid their credit cards like the plague, almost every month, surveys between 22% of people say they put the majority of their purchase on credit cards that still leaves 75% that didn't. the key thing is five or six years ago people would say they would use their credit cards at the time. adam: amazon says they're going
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to hire is. 55,000 vs 50,000 last year. ecommerce will be great. what is that about? >> over the last five years cybermonday we have a lot of retail clients that are huge on the internet. i have one client whose cybermonday sales break double digit figures, most between 6% and 8% but a concept everyone talked about, as they made a big event but it is not reality. these companies are privately held because certainly amazon is not going to break out their data and show you what cybermonday was. basically a big hoax, continued on. keep one thing in mind.
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when you ask a question, how many of you go on line regularly and shot? only 43% of consumers go on regularly and buy things. that 18% of consumers are driving almost all the internet sales because you have another group that say they go somewhere often but the numbers 24%. fifty-five% of americans rarely shop online or never shop online. they don't go online to buy things. adam: we will invite you back because you speak the truth. thank you very much. lori: the most popular car in america no longer of the most reliable. toyota camry and prius knocked off the magazine's safest cars. recommendation list after performing poorly in crash tests. it stimulates a wreck in which the front corner of the car hit another car fixed object coming afterward that can cause severe
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damage to the car and injuries in car electronics, another concern that impacted the report as many consumers complain of system freezes and non responsive devices. adam: charlie gasparino up next on the wrist goldman sachs ceos taking behind-the-scenes. lori: twitter is the low-key approach. don't give me appetite for disinvestment. initial public offering. we will take you there live.
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lori: breaking news. new reports indicating that jpmorgan's 13 billion-dollar deal with the justice department is at risk of collapse.
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fox business senior correspondent charlie gasparino with the latest. what are you hearing? >> what we hear, fix my collar ear. lori: oh please, you're a fashion plate, no matter what. >> from the beginning this thing was at risk of collapse. we should point out this was never inked. this was very complicated deal. shares on the news, amazing thing. i think the market is somewhat overreacting at this point because i think they will be back at table. here is the problem from the deal what i've been saying to the beginning. jpmorgan will have a agree with a settle of circumstances. what do they agree that they did wrong, that is called the language in the settlement. that language could make-or-break them in the future. what people at jpmorgan have been telling me from day one, they may be, they may think it's better to opt out and settle this thing piecemeal, fight certain parts of it and, because it will save them more money in the long run. bottom line, this is not a
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socialist dictatorship. this is united states of america. we have courts here. the federal government can not tell what you to do. it can make your life miserable but we're still the united states of america. here is why you hadn'tcation this was happening. i new this on friday. the minute they settled outside with the fha on fannie and freddie part of this deal, they broke that out, you knew that the broader settlement was in trouble. lori: problem now according to these reports, spats over the fdic funding and some other criminal probes. when you say this will be settled piecemeal, that makes a lot of sense. >> that is what could happen. we don't know. of listen, jpmorgan is highly regulated bank. at some point they have to settle all this stuff but you know, this is a complicated deal. a lot of moving targets. i'll tell you, the reports aren't saying this but this is big, language in the settlement, exactly what it says that jpmorgan, whatever contrition they will have to give will be key because that's where you get sued. if you admit to the full monty,
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we're the worst players in the world and did some bad stuff, you could be sued by private litigants. that is what they're working on. i think this is 50/50. this was always the plan on jpmorgan. if the feds push too hard, obviously they like to get it all done at once. listen, i don't want to say it is not going to happen because i still think it is in their bistros get this behind them. tell you something, when you have this thing this crazy, on the hook for 13 billion, but maybe another 13 billion for private litigation, you have a big problem. this is where it gets really, really crazy. lori: let's move to goldman sachs, that where you say ceo lloyd blankfein may be taking the biggest risk of his career? >> other wall street firms have tweaked their model. jpmorgan is cutting size of bank. jamie dimon is doing that on the margins. may be bigger in the future. morgan stanley went to risk model, in terms of advice and
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advisory in terms of brokers and advising big companies in m&a transactions. goldman sachs is known for premier risk firm, from what we understand, lloyd blankfein is saying amid new regulations, he is telling analysts, senior advisors, fox business network has learned that they are plan nothing major changes this is interesting. blankfein told people the regulations they are in place, dodd-frank, volcker rule, proprietary trading will haven'tly loosen up at some point and when that loosens up goldman sachs could go back where they were before. proprietary trade something gone. using firm capital to make a play in the markets you develop yourself. if you're systematically important bank you can't do that. there are ways to get around that. you can take that type of risk handling customer trade. what goldman is the about on, regulation, onerous part of these regulations, mostly regulations haven't been written. when they are fully written they
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won't be as onerous. they are sticking with the course. they will not go out and basically become morgan stanley. they will try to stay goldman sachs. analysts i can tell you are mixed on this. they're saying you're dealing with the obama administration. dealing with dodd-frank. you're dealing with people who basically want to turn banks like goldman sachs into utilities. if you're making that bet you may be blown away by morgan stanley in the long run which made the opposite bet. lori: if there is a firm best positioned to march to the beat of its own drummer if you will you have to say it is goldman if. >> you have to say when we say lloyd blankfein is taking a big risk, this could be his legacy. at love analysts believe and people inside bold man while he is not leaving tomorrow this guy will be around a couple years this business model will be lloyd blankfein's legacy. if he gets it right he will look good. if he gets it wrong, he will look really bad. lori: charlie, thank you. >> twitter road show making the
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second stop in new york today. cheryl casone is there with the latest outside of the mandarin oriental. cheryl. >> adam, hello. we're in midtown manhattan. fox business exclusively learning just this morning that the ceo and cfo are here right now at the mandarin oriental. we're only news operation actually on the ground right now showing you what is happening. our producer is heading up to the 36th floor, that is where it is happening, at the mandarin oriental. a ballroom that holds 100 people or some this is one of the smaller meetings the two have planned. they will be in new york today. they will be no new york tomorrow. we're hearing details about tomorrow's bigger meeting. they were in philadelphia yesterday kicking off the road show. show you a map of what the two gentlemen are doing and what they're pitching and trying to sell when it comes to twitter in the mandarin behind me. they will head up to boston. then go over to chicago. they will go through denver and
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los angeles and san francisco all on the stops. road shows last a week or two. why do ceos and cfos do this? they want to convince investment bankers to buy the shares? what are they trying to sell? a valuation of more than $10 billion for a company like twitter. inside you have right now potential investment makers want to take orders. they went friday to goldman sachs, morgan stanley, jpmorgan, those are the lead bankers on the deal. it is all about the valuation. also what is happening in the room behind me right now is the final price. remember we'll price this thing out november 6th. next day the stock will start trading whether or not viewers can get ahold of the stock, that's a different story from another time. we're hearing on the ground, if we get exclusive video of contract fo and ceo, adam lloyd, we'll bring it to you on fox business. adam: chairman casone outside the twitter road show, thank you very much. it has been a year since
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soup storm sandy left a million people without electricity. lori: including me. adam: and two kids and a husband. lori: i was fortunate compared to some others. adam: that's right. lori: jeff flock will show us a company doing something about it next. ♪ [ male announcer ] once, there was a man who found a magic seashell. it told him what was happening on the tradg floor in real time. ♪ the shell brought him great fame. ♪ but then, one day, he noticed that everybody could have a magic seashell. [ indistinct talking ] [ male announcer ] right there in their trading platform. ♪ [ indistinct talking continues ] [ male announcer ] so the magic shell went back to being a...shell. get live squawks right in your trading platform with think or swim from td ameritrade. get live squawks right in your trading platform [announcer]...if you think the best bed for one of you might be a compromise for the other one... [woman]ask me about our tempur-pedic. [announcer] they're sleeping on the newest tempur-pedic bed... the new tempur choice... [man]two people.two remotes. [announcer] firmness settings for the head,legs,and back...
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disseminating the value of futures options on key stock market indexes for nearly an hour today. reported values of the nasdaq 100 and nasdaq composite were frozen. the indexes resumed data feeds at about 12:45 p.m. eastern according to fact set data. ibm will buy back an extra $15 billion in common stock the company's board approving the new repurchase program on top of a previous $5.6 billion authorization. that brings ibm buy backs to a total of more than $20 billion. tiger woods is ending another relationship. this one a 15-year liaison with electronic arts. the videogame company announcing that its pga tour game will no longer be named after tiger. ea says the parting was a mutual decision. that is the latest from fox biz, giving you the power to prosper.
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lori: in the dark, one of the dangers one year the northeast knocking out power to nine million homeowners and businesses. jeff flock in white water, wisconsin, with a company that stepped in to help. jeff? >> up close and personal with a company called generac. you're not looking at generators. these are what they called transfer switches. dan, what do they do? they enable you to hook up the generator safely to your box? >> correct. we have automatic and manual transfer switch that is hook directly into your house, hook a portable generator with standby switch or generator with automatic switch safely. >> if you look at the stock, it really performed well. largely as a result of the storm. obviously there has been a huge up tick in demand for this as a result of superstorm sandy but you're finding now it is not just about storms. >> no, it is not just about storms. baseline increased dramatically over last year with awareness
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that came in. in addition to, just amount of product we need to get out into the for the need. >> exactly. i want to take a walk if we can over to the line to watch the big generators. we have fox business folks here who lately installed these. everyone wants to install these because they essentially, enable you no matter what happens to continue to have power. if you look at jenner rack, compared to competitors, briggs & stratton, for example, you have done remarkably well because you continue to grow in this space. >> we continue to grow in the space. we offer a wide variety of solutions anything from small portable generator to power your camp and your house to large industrial units that power data centers. >> what are they packing up here. >> this is standby, one of our largest sellers goes directly into the home application. will automatically provide you peace of mind when a storm goes out, start up, run, power your
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house effortless. >> power on propane, fuel, as well as propane as well as natural gas. essentially if you get your electric go down, run on natural gas indefinitely. lori: right. >> would be nice to have if you live on the coast. lori: you're telling me. thank you, jeff flock. want to remind everyone fox business will be at the againer rack plant in white water, wisconsin. jeff will be joined by the ceo. adam: as we do every 15 minutes we want to check your markets and money. keith bliss, from the. dow is at session highs. i don't think anyone will be complain about it. >> no, they don't want to short this market. it is weirdest thing for two years. as log as economic data continues to get weak and there has been a trajectory of weak data for the last four months we'll have ups and downs on some data points, but generally start of the weekend. that is the case.
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fed will stay in there they said they will. data dependent and driven on policy even if they stay in there until march of 2014 where most of the forecasts are today, this market will continue to be supported and only will go higher. adam: keith, autos sales, up .4 of. better than people thought but other says holidays will be a problem. anything on retail? >> it will start to soften. each coming data with each one of the months, despite gas prices coming down of the goes back to people are nervous. we have, really crazy things going on with the policymakers in washington. the fed is staying in here and manipulating the market. people are getting scare holdin. you can see that at end of the year for sure. adam: keith bliss, thanks for keeping us up to speed. have a good end of the day. >> my pleasure. lori: fine line between giving your children independence and keeping them safe. adam: is our next guest pushing that line too far?
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adam: latest news on blackberry from "the wall street journal." blackberry executives met with facebook last week to gain interest in a potential bid. blackberry is up slightly today. not really moving on that news, but meeting with facebook according to "the wall street journal." lori: think it will happen? adam: wouldn't put money on it. lori: too old technology. blackberry is going old school or getting reputation. adam: perhaps. lori: it is that time of year
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again, kids hit neighborhood while dressing up trick-or-treating. tom is the ceo of e-zoom. great to have you with us. tell us about this technology, this e-zoom. who is buying it and what it is being used for specifically. >> small locator, device, lori of the got a picture of it right here. used by parents to help them manage their lives with their kids. we think of it as a device that gives parents peace of mind of the in the holiday season, or in the. adam: you know, the halloween season they're looking to make sure they're aware where their kids are in the dynamic environment kids find themselves in halloween. lori: right. >> running around, getting distracted by different people. a tracking device. lori: put it on your pet's collar and kids. forget halloween, year-round for some parents. >> exactly. >> you know, it begs the
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question though in this climate with so much concern about privacy, do you think it could be abused though? even the president himself is being criticized for the overreach of national security, the nsa and spying on german chancellor angela merkel and so on, so forth, goes on and on? >> i don't think that, parents when they're thinking of their child's safety are really feeling like they're abusing, they're doing what they feel they need to do to keep their child safe. lori: fair point but just not parents who would buy that product, right? anybody could buy it? disgruntled spouse could buy it and sneak it into the spouse's car if they're suspicious? >> that is a possibility. lori: all kinds of uses. >> definitely a possibility, but cell phones are out there and, this is really device you buy for a special purpose. lori: right. >> you know, with cell phones, people can track cell phones as well. we're really not trying to tell people how to use their device. we want to make something available to parents so they're comfortable with their kid and they can feel safe when their
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kids are out and about. lori: so how many of those have you sold so far? >> we don't disclose numbers. we've been a growing company since 2008. it has been a very good product for us. we also have a product for seniors in their home alone, they want to feel safe f they go out and about, they fall, you can press a button that is another new and growing market for us. it's a good business for us. we're -- lori: can you tell me how much it costs and what the subscription fee is? >> sure. for the ezoom product it is 99.99. if you choose to pay two years in advance it will cost you 12.99 a month. if you pay a year in advance it is 14.99. if you want to pay month to month, 19.99 a month. similar to data plan for the cell phone but dedicated for the device we have and use it to track your family member. track every five minutes. you can track ever 30 seconds, that kind of thing. lori: tom, thank you so much for
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sharing your technology with us. i don't know, nothing is sacred anymore. adam: throw it in the back of the car if you wanted to keep tabs on somebody but i'm not going to go there. cyber security with president obama meeting with ceos at white house. our twitter question, do you trust the same people who brought you the obamacare website to tighten cyber security? tweet us. your responses coming up with tracy byrnes and ashley webster as they take you through another can't-miss hour of "markets now." peace of mind is important when you're running a business. century link provides reliable it services like multi-layered security solution to keep your information safe & secure. century link. your link with what's next.
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tracy: hey, i'm tracy byrnes. ashley: i'm ashley webster. cyber security summit. president obama meeting with ceos at the white house. our twitter question, do you trust the same people who brought you the obamacare website to tighten up cyber security? tweet us. your responses coming up. tracy: is a rhetorical question, right? ashley: may be. tracy: apology for the problems with the obamacare website.
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we're live on capitol hill as congress grills the head of the agency responsible for the site but is saying i'm sorry enough? ashley: consumers putting the brakes on car sales. that is taking down the whole retail sector. we'll have an analyst what it means for the all-important holiday shopping season ahead. tracy: in our tech minute, the suck mark zuckerberg files. we have files for every word that the every word that the facebook ceo has spoken. that is little maniacal, right? that is ahead on "markets now." ashley: zuckerberg rocking. tracy: nicole petallides on floor of the exchange. nicole you have breaking news on jpmorgan, don't you? >> right. as the market has been hitting highs for the s&p 500 you have to say there is some nervousness back in the markets, take a look at this intraday chart of jpmorgan as we have had some breaking news here in the last 15, 20 minutes or some.
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right now the news, let's start with the news, then i will talk about the exact stock movement. jpmorgan's deal we've spoken of, 30 bill dollars deal with the justice department -- $13 billion deal with the justice department may be at collapse. criminal probes, that could actually scuttle this deal. meantime, the stock which was trading at around 52.90, dropped down to, right down to 52.25. you can see, a really dramatic intraday drop when you look at the two days. art cashin from ubs sent out a note, trade be curbs touched nervousness as traders looked at rumors the jpmorgan deal is in jeopardy. this becomes the wildcard. and as this deal is at risk, it pulls down jpmorgan's stock and leaves traders on wall street and investors overall wanding what is next. back to you. ashley: all right, nicole, thank you very much.
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well, fighting the cyber security threat. president obama meeting today with a group of ceos to talk about a cyber security framework for private companies to protect themselves against hacks, cyber attacks and security breaches, which brings us to our twitter question, do you trust the same people who brought you the obamacare website, to tighten up cyber security? as tracy says, that may be a rhetorical question. let's bring in former fbi cyberterrorism official michael thadis and former homeland security secretary, tom ridge. he joins us by phone. let me begin with michael here. so we have the white house meeting with ceos today of various companies. we have mastercard, we have northrop grumman, from the defense sector, bank of america. i mean this all sound very good but are we really safe from cyber attacks at this very moment? >> we're not even close and i don't think the effort that's underway right now in today's
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meeting a part of is getting us very close. we're not talking about anything close to security standards that companies can implement. there is a lot of fear out there that the government will tell us how we need to protect our networks? do we need to use this software or that hardware. we're so far away from that it is almost mind boggling. i'm not even sure what the strategy is at this point. ashley: let me bring in on that note, governor ridge. that is the big question, isn't it? getting the public and private sector to work together. why is that such a challenge? >> i think it shouldn't be a challenge but i think it is. it is ironic that today the president with his executive order meeting with private sector who own, operate and would be responsible for securing the critical infrastructure of this country. while i think it is a very, very modest first step in the communication and collaboration between the public and private sector i think that the epicenter of all this has to be information-sharing and the federal government is very
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restant to share any relevant information. could you have the infrastructure in place but unless you have precursors and web addresses and the like you really haven't advanced ball very far. i give him credit, he raised issue and there is more implementation to be done and who knows what it will look like. ashley: we may be paying lip service. what is critical of sharing information as governor ridge just said. is that happening, are major players in the private sector are they sharing with the information or dealing with it themselves? >> there is a lot more information-sharing than there used to be and a lot more information-sharing now from the government to the private sector but there is still not nearly enough. the government has to be sensitive to the risk that is the information is going to leak out, so the bad guys, whether the chinese army, or russian intelligence services we don't want them to know what we know about their activities. and so when you provide information about threats and thank you attack exploits, to te bad guys.
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at the same time if you don't share that information then no one will know what to protect themselves against. you have to walk the line very carefully. there is more going on right now, but there still needs to be much more. there needs more to come the other way from the private companies to the government, so that the government knows what the he private companies are seeing. ashley: would you agree with that, governor ridge? we need to see more cooperation from the private sector back to the government? >> absolutely. epicenter whether fighting terrorism, combating crime or dealing with any of this, information-sharing, situational awareness. private sector knows things that government would like to know one of the challenges with voluntary standards and my colleague, just alluded to it, standards can become very prescriptive down the road. that is what you can't do. one of the ironies that the private sector should not be considered to be different and apart from the government. the government basically operates on the private sector. ashley: true. >> it is your infrastructure of government, why wouldn't you be more forthcoming with information? modest growth step. we still have a long way to go.
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you frankly will not get the private sector to share much more information unless they have a liability protection. ashley: right. >> that makes a lot of sense and i think everybody would agree. there has about be bidirectional information to secure the government's information which is basically owned by the private sector. ashley: mike, you mentioned china and russia. where do you think the biggest threat comes from? >> i think right now china is clearly the biggest threat. they own some of our networks in the sense that they have complete dominion over them. they can take information. they can shut the systems down. those are sensitive government systems. those are defense contractor systems. those are some of our most important technology companies, financial institutions they really have the capacity to shut down this country's economy. russia is a more careful, little mortar getted what they come after but they're clearly a major threat as well. the problem all the snowden and try to getty as a nation to
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consensus in the world to put a limit on what sort of cyber attacks countries can engage in is severely limited because the rest of the world looks at us as hypocrites. you united states are doing this to all of us, you're spying on our leaders. who are you to talk about protecting cyber security against advanced threats? so it's a very difficult time we're in right now. ashley: really is. we're already out of time. governor ridge, thanks for joining us. michael, thank you for being here. >> my pleasure. tracy: we have a long way to go. all right, september retail sales down .1 of a percent. if you strip out autos, it pops up to .4 of a percent. still not stellar but better than nothing i suppose. with just one month left until black friday what can we expect this holiday season? joining us lazard capital markets vice president. almost a month a way. can't believe it. >> i know. tracy: stores open on
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thanksgiving day. >> macy's, kohl's, jcpenney opening thanksgiving day. tracy: joining walmart and target from last year. does that pull black friday sales into earlier days? >> i think it will pull some sales forward. i don't think the whole total pie will increase. think one that is do open earlier will gain some share from those that might not open. tracy: people will show up on tanks giving day, aren't they? >> yeah, they are. tracy: so crazy. while at the same time, you say black friday is going to be the biggest day of the season it still will not be as great as last year? >> i don't think so. we're projecting down slightly. overall holiday sales will be down slightly this year. for a couple reasons. we're seeing consumers spend less on apparel, on accessories. and there are also, there's one less week between thanksgiving and christmas this year. so 26 days this year, versus 32 days last year. consumers lose a whole weekend. so that will prevent people, i
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believe, from, incremental purchase. if you're going to go, you're in the mall and decide to pick up something for your baby-sitter you might not have bought otherwise. tracy: right. >> i think that will hurt retail. tracy: that stresses me out already, that i have one less, i'm a girl that shows up that weekend before. many people actually say the longer you wait the better the deal, right? >> right. well i think you will start to see promotions earlier this year. we saw it last year where people ran black friday promotions before black friday trying to capture wallet share. i think you will see that again this year. think we'll see very promotional holiday which is good for consumers, not so good for retail years right. to your point i would buy one for my aunt. i would buy one more me. we're probably not going to see that this year, aren't we? >> i don't think we'll see as much as that. i think we'll see fewer self-purchases as well. tracy: let's talk about some of your picks because you like the gap. >> i do. they have had years of market share losses. i think their product is better.
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their promotions are smarter. think they're being, you know, in front of the customer and i think that they will attract traffic and sales that they haven't, you know -- tracy: so fallen off the radar. it is like not even, dare i say, it is knot cool to wear gap anymore. are they able to turn that around? >> i think they have turned that around. think that was true couple years ago and they have turned that around. tracy: your other pick, tjx, parent of t.j. maxx. >> that is cool thing to do. i think they will benefit from their value proposition. they will have more gift this is year. more advertising this year. so i think that they're very well-positioned. >> going into the holiday season, even though you say holiday sales in general will be down, would you buy the two stocks going into the season right now? >> these two stocks i would buy. it j is one i think will continue to fare very well. valuation is, it is near 52-week high but i still think there's room there. gap valuation is very
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compelling. it's, you know the stock has come in a bit. i think expectations are lower for gap. i think there is some surprise to the upside there. tracy: there is lot of room for upside surprise i guess. jennifer davis, thank you for being here. >> thank you. tracy: follow me to the gap, ash. ashley: encouraging words. tracy: jeans are jeans are jeans if you ask me. ashley: very true. talk from that to twitter. latest stop for the twitter ipo road show, the mandarin oriental hotel in midtown manhattan. very skanky. doesn't sound like too hard a sale? tracy: i don't know. is saying i'm sorry enough? apologies for the obamacare website but do head need to roll? we'll have a panel on that next. ashley: talk about the great pumpkin, charlie brown, we'll tell you how much the seeds and huge gourd are going for. tracy: this is the stomach per of the day. can not believe that.
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as we do this time of day look how oil is trading. down slightly again today. $98.14 a barrel. the dow up almost 103 points. we'll be right back. [ male announcer ] the founder of mercedes-benz once wrote something on a sheet of paper and placed it in his factory for all to see. ♪ four simple words where the meaning has never been lost. the challenge always accepted. and the calling forever answered. ♪ introducing the all-new 2014 s-class. mercedes-benz. the best or nothing.
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tracy: for latest stop for the twitter ipo road show, the mandarin oriental hotel in midtown manhattan. is that where everyone stops? cheryl casone is there where es seconds try to sell investors on the social network. hey, cheryl. >> hello, tracy, ashley. yes, fox business exclusively learning today the meeting getting underway 1:30 in new york, mandarin oriental, 36th floor we have discovered. our producers got into the ballroom and of course escorted out by security. that is how we do it here at fox business. one of the things we learned about today, while this is a road show it is not a road show like we've seen in past internet ipos especially when you think about facebook and mark mark zuckerberg and his hoodie walking around new york city. this is the south entrance. there is underground parking entrance and two different doors
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coming inside of columbus circle to go into the hotel. several ways for the two meant men to get into the hotel and escape cameras and photographers lenses. fox business network own only network here today. we don't know where. we'll bring details when we get it. certainly the ceo, dick coast stole low and mike gupta making rounds this is typical ipo road show. you do it for a week or two. you want to sell wall street, investment makers, institutional money of the those are the guys, those are the gals that will buy your stock. they're hoping they will do that at this point somewhere between 11 and $20 per share. they were in new york last friday. went to goldman sachs, jpmorgan. jpmorgan. those were the lead bankers. fox business exclusive finding out they're here at the mandarin oriental. that meeting underway at 1:30. we have every base covered to
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get questions out to the two leaders. they will be somewhere in manhattan tomorrow for more meetings. these are small private client meetings. then they head up to boston, chicago, then to denver, los angeles and finally san francisco. of course where twitter is based. tracy and ashley, certainly it's a different scene this time around with twitter. we saw facebook so flashy with the ipo we all can agree pretty much a technical disaster. what we're seeing with twitter a much more cautious approach to how they're approaching wall street, guys and investors. back to you. tracy: can't seem to escape us, cheryl, can they? nice work out there. ashley: good job. wherever they are tomorrow we'll probably get thrown out again. tracy: gently escorted out of security. ashley: been thrown out of better places than that. for sure. a quarter past the hour. time to get a check back in on these markets. nicole petallides on the floor of the new york stock exchange, watching energy names. dow at a session high or close to it. nicole. >> cute, ashley, cute. we're looking at the dow right
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now at 15,665. not too far all-time highs. s&p hit new highs. bp hit a new 52-week high, doing everything investors want, beating the street with their numbers, raising a dividend and planning asset sales. people are loving it. stock is up as i noted 5%, hiting a 52-week high. valero you see the stock up 2.3%. they reported a profit of 312 million. valero energy, third quarter profit shrank 54%. one of the reasons for that, their expenses have been climbing. that name is managing to hold on to some good names or good gains as well. back to you. ashley: nicole, thanks very much. we'll check back in with you in just a few minutes. tracy: superstorm sandy damaged one year ago today. can't believe it is a year. still generating business for one midwest company. jeff flock is ahead with the ceo of generac. ashley: in tech minute, how consumer pressure forced at&t to kang he will plans that would have hiked fees.
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>> at 20 two minutes past the hour i'm lauren green with your fox news minute. survivors of superstorm sandy are planning to mark the one-year anniversary of the disaster with candlelight vigils tonight. sandy ravaged the east coast
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last year and took 111 lives mainly in new york and new jersey. the storm costs $68 billion in damage and caused damage in 24 states from florida to maine. ellis island is open to the public after damage from superstorm sandy closed its doors. the storm surge sent eight feet of water into the basement of the museum, destroying the site's electrical, phone, heat and water systems. most of ellis island has now been repaired however many of its historical artifacts are ems station is very glad he had his cell phone during early morning robbery and robber fired a shot and left after workers were unable to open the safe. he heard he had been shot, after he found a bullet lodged in the cell phone in his shirt pocket. back to headlines with tracy and ashley. i think he should probably play the lottery. ashley: not often a phone safes your life.
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lauren green, thank you very much. >> sure. ashley: we look back one year since hurricane sandy devastated millions of lives, homes and businesses but one bright business spot in all this, generac. jeff flock is with the generator company's ceo, aaron lag felled from their -- jagdfeld from their factory in whitewater, wisconsin. >> appreciate behind the scenes from in the company. what are we looking at? >> engine and all the senate tore. this is it business end of the generator. >> you can't make these fast enough. >> on heels of sandy and irene. power grid is generally poor. >> put up the stock numbers. you actually in the last, i think year-to-date you're up over 70%. you have been growing, you think lot of people in this space would be growing but you're outgrowing all your competitors.
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how come? >> we have different approach to this first of all we're the leader. we've been doing it a lot longer than a lot of people. we're focused on it. everybody we compete with does something else first around generators are second business for them. >> that is basically what you do. >> what we do. >> 70% of the market. i love the robots. they're moving. these are wireless robots that roll through here. >> they are. automation has become big in manufacturing today. we're no different. >> so to the subject of the grid, you are quoted famously as saying our power grid is actually pretty rotten for a country like ours? >> it is. i mean you think about it. really what it is, as a result of underinvestment. decades of underinvestment in the grid. utility companies in terms of distribution and transmission, there's a gap that exist. call it investment gap. that predicted gap is projected next year to be $95 billion. >> your business is not reliant on storms. you don't watch the weather channel and say, oh great, we'll
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need more generators today? you are building bigger than that? >> it's a bad strategy to watch what mother nature will do for you. that is not a way to run your business. we're promoting category. a penetration story. only 3% of u.s. households. everyone percent of penetration we get is 2 billion-dollar market opportunity. we have 730% share. so obviously the math is pretty good. >> before we get away. i want to put up chart for natural gas. many of your generators are natural gas powered which makes them go forever. >> if your home supply is natural gas could run for long duration outages, two or three weeks like we had with sandy. >> that is the other thing. are we reaching a point where i want my own generate to generate my own power? i want to get off the grid. >> certainly some people made that decision already. the economics are still more in favor of centralized power but with natural gas prices as low as they have been, economically it is starting to make a little more sense. >> i have been to this factory
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before, guys, i'll tell you, i have never seen the level of activity i'm seeing today. that is one of the home power units. you might want to think about getting one. ashley: there you go. nice to get off the grid. jeff flock, wrapping up coverage at generac in wisconsin. seeing robots at work. tracy: maybe jeff can get as you two-fer. ashley: two-fer one. generator, one. things great to have, initial outlay when you don't need it at the moment a tough thing but when you need it. tracy: you need to have it, especially this part of the country. tracy: tell me about it. home prices through the roof at levels we've not seen in 3 years. analyst says prices might affect sales. ashley: problems with the obamacare website, we're live on capitol hill where congress grills the head of the agency responsible for the website. our panel ahead saying whether i'm sorry is really enough. ♪
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over 1%. moving. the stock up more than 250 percent since the ipo back in 2011. continuing to do well. market share from coach and the like. back to you. tracy: thanks, nicole. ashley: thanks, nicole. tracy: i don't know. everyone is wearing them. all right. the head of the agency responsible for the troubled obamacare website apologizing to the american public for problems with the side before being grilled by congress. >> we know that consumers are eager to purchase this coverage. to the millions of americans who attempted to use health care to shop in rome, i want to apologize that the website has not worked as well as it should. we know how desperately the need
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affordable coverage. tracy: joining us from capitol hill. to you first. would this be enough for our congressional leaders? >> not really. i think when you -- send it is not necessarily an issue whether or not they were demanding an apology, more of an issue of folks in congress looking for information as to how many people have actually successfully year-old, how much longer this is going to take, and whether or not lawmakers to believe the administration and is said this will be up and running for most pitbull by the end of november. also brought in as many hearings do for democrats in defense of obamacare, republicans, an indictment of the entire law that will not function. so we continue to fight many of the same price that we have had on the pass for five years. ashley: a big talker of today other than the apology is the fact that this nbc news reports is that the administration knew years ago that people's were
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going to get knocked off of the health care plan even though the president said back in june of 2009, we will keep this promise to the american people. if you like your health care plan will be will to keep it. >> a classic example of the administration saying what they're saying, but then the people, the agencies must enforce the law and write the regulations and rules of law basically carry out the market analysis to see what is going to happen, meaning the irs and the treasury, labor department, and hhs. what happened was these agencies that studies dating back to 2008 that effectively said, you know what happens, we see a lot of turnover in the individual insurance market anywhere from 40 to 60 percent of people drop their coverage. those people who drop coverage get new plants. when the law was signed in by the president on march 23rd, those new plants did not meet the new law's standard spirited did not have the copays, the deductibles, the covers of the new law said they should have. so those basically, when you have a turnover, routinely get
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plans, might not meet the new law standards. so when the all the irs right around and the laws enacted. this is what be worth seeing. this is due to a great turnout. ashley: some slight pinocchio. tracy: is the secret stuff.
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>> there were three weeks and nobody in the media was really paying attention to the way that this role was happening. tracy: we have heard these possibly 46 percent of people may not be qualified. say to ourselves, wow, those numbers are so high. no, i got to muster back in 2010. we also have people.
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tracy: does this add to the less of appeal. >> it would have to be mass chaos for democrats to say okay, let's repeal or even delay. they want to fix this thing on the slide. they have said it, they are willing to make technical tweaks to this. republicans say this needs more than a technical tariq butt of full-blown overall. remaking the system is not something that happens immediately but over time. and we're not going to really know how this law, what the impact of this law is until months or years.
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ashley: thank you, rates. very much. tracy: moving on. it sounds like a sunday night movie. an archive dedicated to collecting every word that he has ever publicly spoken. we will talk about that end.
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♪ >> reporter: i'm adam shapiro with your fox business brief. amazon is opening its newest performance center in san bernardino, california. governor jerry brown joined county officials at the warehouse opening more than 1400 full-time employees and been hired. nasdaq is blaming it for human error for today's good spirit the scene said problems disseminating the value on nasdaq 100 nasdaq composite. frozen for nearly one hour. it resumes. roughly 1245 eastern time. ralph lauren says the 2014 and a big uniforms it will provide for u.s. athletes will be made in the united states. the company was criticized
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during the 2012 london olympics when it was learned the opening ceremony uniforms worn by u.s. olympians were made in china for. as a lettuce and the fox business network, giving you the power to prosper. ♪
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ashley: home prices on the rise in august despite facing those headlines from higher mortgage rates. the s and pk sylmar home price index jumping over 12% from the year before. highest annual increase in over seven years. joining me now, the s&p index committee chairman, managing director. thank you for joining us. when you look at these numbers, month government they were up over 1%. is the rise in home prices slowing down? >> i think that it is slowing down. first of all, city by city,
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something like 16 cities, the most recent slower, smaller gain in the previous. second, looking at other reformation we have been getting, existing home sales down last month, pending home sales, suffer a few months. all that suggests that while housing is recovering we may be pretty much at the peak speed. ashley: we go into that finding out of the market. >> i think we will. for one thing at think were going to be on the sustained annual increases. frankly, i don't think we will want to stay in those kind of increases. that would either price housing out from just about everybody.
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i think there will be welcome. ashley: there are creeping up, historically still pretty reasonable, but how much of a damper does that put on the market? as been expected.
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we will see a proportion of people in tech adjustable rate mortgages increase, but that is one way to bring in the initial raid down. ashley: that is right. finally, we have new regulations with regard to mortgage is going into effect in in january. basically it prohibits banks from approving mortgages for anyone who is debt to income ratio is higher than 43%. could this really hurt the first time and low-income buyers? >> it probably will head the few people. difficult at this point to say how many or exactly who it will it. it may also push people into looking for small and less expensive homes. on melos the eddy is food to avoid some of the loans that turned around and go bad.
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ashley: thank you for joining us. >> you too, sir. to the housing market is something of a reserved watches very closely. keep it right here on fox business. tomorrow at 2:00 p.m. eastern, complete live coverage of the fed decision followed by analysis from an all-star panel, and i mean all-star including its chief market strategist, barney and partners, and, oh, yes to our very own liz claman and david asman. hard to get a word in edgewise. tracy: i get nothing when you talk about right now? our to the close. talking about the fed meeting, earnings. what is going on? >> we're talking a lot about the healthcare.gov failure.
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clearly we are focused on the fed meeting. the market has kind of come to enact stage, if you will, waiting for that to happen. anyone who faces this market trade on fundamentals right now is fooling themselves. is all about that and washington policy. tracy: craziness. throughout that india -- nba. thank you very much. >> my pleasure. tracy: it is time for your tech minute. ticktock. ticktock. cool getting close its debt in nine -- rolling out this marc watts. in late stage development. the world device will run on android and intimate with the personal assistant. announcing it will make personal recommendations to the wear. annual sales are projected to reach 495 million units. this is according to the research firm a bi research. and at&t, price increase for
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some of its dedicated data and voice line. customers and competitors to buy the service has put up strong opposition. impact what is god's special access lines, typically used by businesses. at&t and verizon together control 80 percent of the special access market. both of those stocks right now are moving higher on the day. and an archive. says a compilation of over 100 full text transcripts and 50 video files the document this ceos statements. why is this necessary? well, looking for a better understanding of the stains on privacy? does tracyandashley@foxbusiness.com instead speak quickly? the are not always clear. i know. let's check the archives. ashley: they are muffled by his heady. that's the problem. let's see the killing field. dennis kneale on the way.
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you are canceled. tracy: let's talk about the great pumpkin, charlie brown. you will not believe the price coming from this big board. we will be right back. ♪ now that we're retired, we don't have time for stuff like laundry. we're too busy having fun. we get everything perfectly clean by tossing one of these in the wash. and that's it. i wanted to do that. oh, come on. eh, that's my favorite part. really? that's our tide. what'sours? retdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help
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♪ tracy: three weeks into the new tv season and the networks are deciding which new shows will live and which will die. dennis kneale year with a cast. >> reporter: comcast nbc yesterday killing two new shows in its fall lineup. the remake of the old ironside and that sitcom welcome to the family. an unwelcome rip-off of abc's emmy-winning modern family. this follows the first two shows
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in the new season to get the ax, disney abc like. ashley: which was not lucky at all and cbs underrated we are men. and variety says they hit list next cavity could be drama hostage. johnson is a world and its rail on sunday nights. this is down the neighbors. now, aid is harder than ever for the big broadcasters to build a show that steaks, especially when cable is clobbering them with quirkiest like dec dynasty. tracy: like i you said that tall walking dead -- walking dead tracy. >> a new program that lets you add a cheap online program to the prince bookie bought years ago. it is called candle matchbook unless you add an e-book version free of charge. amazon will make it available on new book purchases.
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now, electronics makers often rely on a new format to drive up revenue because customers take their old stuff and convert to a new format like they did when they had to have great final albums and cds and convert vhs to dvd, but in this case they seem to be making the cost kind of cheap. ashley: not a bad thing. tracy: critical. ashley: very cool. tracy: a lot of them. they can't all make it. >> and ordinarily they're lucky if one or two or three of your ten new shows manages to stick around for a second season. this is why netflix thinks it is all about original programming, double real hits, but the more so as they do the more failure they will have. ashley: thank you very much. tracy: yes. ashley: from that to this. size does matter apparently, especially when you are talking about pumpkins. the competitive pumping growing circuit can be big business.
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as seen from a prize-winning a pumpkin that tops the skills that over 1800 pounds sold for $1,600 in 2010. dtb the journal nature of the hobby most farmers is give this season way. last year's bill of 2009-pound squash. compared with the winner of the same contest in 1984 when the winner came in at 243 pounds, we going. even bigger pumpkin. weighing 2013 pounds. imagine trying to scrape that out. tracy: sell the seeds. and left. and f. with the kindness of strangers. sell the seed. ashley: on steroids. coming up on countdown to the closing bell, the twitter roadshow makes a stop in new york city.
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which investors were there and what did a year? a live report from midtown manhattan where it all went down, and did it -- dear tim cut, do i have an investment agenda before you? and up and let it -- open letter urging him to take a sharp right turn. we will tell you exactly what. that story and of some much more coming up next. don't go away. ♪ ♪ [ bell ringing, applause ] five tech stocks with more than a 10%... change in after-market trading. ♪ all the tech stocks with a market cap... of at least 50 billion... are up on the day. 12 low-volume stocks... breaking into 52-week highs. six upcoming earnings plays... that recently gapped up. [ male announcer ] now the world is your trading floor. get real-time market scanning wherever you are with the mobile trader app. from td ameritrade.
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sometimes they just drop in. always obvious. cme group can help you nigate risks and capture opportunities. we enable you to reach global markets and drive forward with broader possibilities. cme group: how the world advances. ♪ liz: right now, i am liz claman, it is the last hour of trading. is it a deal or no deal? the "wall street journal" reported a short time ago that jpmorgan $13 billion tentative deal with the justice department may be in trouble. this is to settle all kinds of problems with mortgages on the
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market. charlie gasparino sources saying the problem, the glitch, the stumble stems from the potential legal in the future. charlie will be here to explain exactly what is going on with jpmorgan. we show you what is going on, falling but not by that much. just a quarter. as in $0.25. or half a percent at the moment. we are watching this very closely. you can see as the news broke that sure enough, that stock started to fall although it wasn't doing extraordinarily well earlier. jpmorgan, and we are watching all the analysts who have time and time again written eulogies for blackberry in the past only to eat crow the day after. after a parade of potential suitors came out, it's happening again. although today's anyone. facebook, "wall street journal" reporting blackberry executives met with their counterparts at facebook to gauge interest in a potential bid.

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